Plans have been officially unveiled for a US$3.5bn (€3.1bn, £2.3bn) theme park in Fort Worth, Texas, to be opened by multi-media entertainment company DreamVision.

The park, tentatively titled ‘DreamVision Mountain, Dreamscape, Texas’, is to be built on 20sq km (7.8sq m) of land in the Fort Worth area.

Expected to open in 2020, the year-round winter wonderland will include shops, restaurants, a transportation centre, a performing arts centre, an entertainment version of New York City known as Dreamscape Metropolis, a similar Hollywood version known as Dreamscape Tinseltown, Nadia's Storybook Land and a Wild West experience.

The winter wonderland will feature one of the largest indoor snow experiences in the world, offering guests winter sports including skiing, snowboarding and bobsledding. The realistic winter landscape, inspired by the artwork of Thomas Kinkade, will be created by technology developed by Malcolm Clulow, an expert in indoor snowmaking. Park representatives also promised that despite the arid Texas conditions, it would snow at the park.

Speaking at a press conference announcing the launch, DreamVision’s chief creative officer, Ron Logan, said: “I can put together a team that can do this, that can make it a reality.”

While further details are scarce, DreamVision is also expected to announce a second theme park project to be launched in northwestern Alabama. Both multi-billion dollar theme parks will be developed by DreamVision CEO Rick Silanskas, developed in partnership with Bryan Robinson, CEO of Provident Global Capital.

“We are very excited about our partnership with DreamVision and their team of proven industry leaders," said Robinson. "Even more compelling is how DreamVision aligns with Provident Global Capital’s core values and our mission of investing in companies that have a positive impact on society."